GM cuts Lyriq EV price in China by 14% as market pressures intensify

on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure.

GM also offered an additional discount equivalent to almost $2,500 for Lyriq buyers who put down a deposit in China before the end of August.cut prices on its EVs in China, where the market share of made-in-China EV brands is rising and the market faces intense price competition. VW's other joint-venture with state-owned automaker SAIC offered a limited time discount on the ID.3 hatchback, another VW EV, by the equivalent of just over $5,100. That put its starting price below the Qin EV from BYDSince January, when Tesla

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